The Hourly View for BCH
Last Updated February 18, 2021, 00:016 GMT
At the moment, Bitcoin Cash’s price is up $4.74 (0.66%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as Bitcoin Cash has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Of note is that the 50 hour changed directions on BCH; it is now pointing down. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Bitcoin Cash Daily Price Recap
Bitcoin Cash came into today down 1.3% ($9.27) from the open of the previous day, marking the 2nd day in a row a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 54.95% from the day before — and down 47% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 5th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Bitcoin Cash’s price has gone up 6 them. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From BobbyDi51654972:
#Binance Most 🚀⛽ Burnt (Last 1H)Rocket fuel is 🔼 buyer volume
Market is currently slow 🐌Bitcoin Cash | $BCH | 2
Kava | $KAVA | 2
Ravencoin | $RVN | 2
Viberate | $VIB | 2
Verge | $XVG | 2
KyberNetwork | $KNC | 1
Chiliz | $CHZ | 1
Dash | $DASH | 1
Dogecoin | $DOGE |2
- From GeorgeDonnelly:
Accept that you will never like or approve of everyone, maybe not even of most people, working on Bitcoin Cash. Deal with it. Think about how you are getting their work essentially for free. They work for you. We are all contributing value to each other’s pots.
- From wisewizzz:
@elerianm Have a look at Bitcoin Cash (BCH) it targets the global cash market which is 100 trillion whereas Bitcoin (BTC) targets the gold market which is ~10 trillion. Effectively BCH has 10 times greater potential knowing it has identical properties to BTC but is optimized for payments.
In terms of news links for Bitcoin Cash here’s one to try:
Bitcoin – BTCUSD The Bitcoin cash price is hovering near its highest point in July 2018 as investors react to the strong performance in the cryptocurrencies industry….Bitcoin cash is often viewed as a proxy for Bitcoin.